Олексій Дзюба Hot News 22 November 2024, 08:10

Musk Launches Podcast Explaining How He Will Cut US Government Spending by $2 Trillion

How Dogecast will work.

Billionaire Elon Musk and former US presidential candidate Vivek Ramaswamy are launching the Dogecast podcast, where they will share the work of their newly created Department of Government Effectiveness (DOGE).

He stated that he hoped that DOGE would become the «Manhattan Project of our time» (the code name for the US nuclear weapons development program — ed.).

«We will take aim at the outgrown fourth branch of government and finally restore self-government to America — when the people we elect to run the government run the government again. And in the process, we’ll take care of massive federal spending overruns like we haven’t seen in our generation,» Ramaswamy said.

He called himself and Musk «volunteers from outside the government.» Ramaswamy also stated that they want to complete the work of DOGE by the 250th Independence Day of the United States on July 4, 2026.

On the Dogecast, Musk and Ramaswamy are going to explain exactly what they’re doing toward their goal of cutting $2 trillion in government spending. The podcast will host guests, and its live broadcasts are planned to be held weekly.

It will be recalled that previously the newly elected US President Donald Trump officially announced the creation of the Department for Government Efficiency, which he named «DOGE» in his statement. One of its leaders was Elon Musk, who repeatedly promoted the meme cryptocurrency Dogecoin (DOGE). Against the background of the announcement of the name of the department, the meme cryptocurrency Dogecoin, which was repeatedly promoted by Musk, increased by 20%.

A serious reduction in the US government deficit will require a level of austerity not seen since World War II. This will likely include significant cuts to popular programs such as Social Security, Medicare, veterans benefits, and more.

Federal law requires that meetings of advisory committees be open, so Musk promised that information about all actions of his body will be «posted on the Internet for maximum transparency.» Musk previously hinted that he plans to create a kind of rating for the most inadequate government spending.

Who is Vivek Ramaswamy

He is an American businessman, investor and politician of Indian origin. He was educated at Harvard and Yale Law School, which allowed him to combine knowledge in law, biotechnology and business. His greatest achievement in business is the creation of the pharmaceutical company Roivant Sciences, which specializes in the development and promotion of innovative medicines. His approach involved using big data and analytics to identify «neglected» promising drugs that other pharmaceutical companies had stopped developing due to financial or organizational reasons.

Vivek Ramaswamy, as a candidate for the US presidency from the Republican Party, made a number of controversial statements about Ukraine. Among them is a promise to recognize the territories of Ukraine occupied by Russia, closing Ukraine’s path to NATO in case of victory in the elections, termination of military support, etc.

The meme cryptocurrency Dogecoin rose by 20% after Trump announced the creation of a committee with the acronym D.O.G.E. which included Elon Musk

What will Musk do in the new US government efficiency department and what functions will the institution have to reduce public spending by $2 trillion: Bloomberg analysis

"I look forward to the opportunity to serve America, I don't need a salary or a title." How the victory of the odious Trump can increase the influence of the equally odious Musk